News

‘We can do better than this’: Bill Shorten’s Budget reply speech

My fellow Australians. As I listened to the Government’s fifth budget on Tuesday night, I knew immediately: We can do better than this. The people of Australia deserve better than this. And a Labor Government will deliver better than this. Better than ten years of cuts to schools and hospitals […]
‘We can do better than this’: Bill Shorten’s Budget reply speech
Markets

Bill Shorten is walking back his attack on pensioners

Labor leader Bill Shorten has promised to look after hundreds of thousands low-income pensioners whose income would be hit by his plan to claw back almost $6 billion a year in tax credits on dividend payments. “We will make sure that pensioners are OK, full stop,” Shorten said yesterday, after […]
Bill Shorten is walking back his attack on pensioners
Markets

It looks like Bill Shorten and Labor are preparing a bold budget strategy

In early May Scott Morrison will be announcing a dramatically improved budget profile that will leave room for personal income tax cuts while still returning the budget to surplus in around three years. The money is coming from a combination of spending restraint and higher-than-expected tax receipts, mainly from company […]
It looks like Bill Shorten and Labor are preparing a bold budget strategy
News

Here is Labor’s alternative to the budget

Opposition Leader Bill Shorten is under real pressure for the first time since the 2016 election, as the government attempts to wedge Labor with a circuit-breaker budget. Shorten used his budget-in-reply speech to appeal to middle Australia, putting forward an argument that Labor is the only party that can be […]
Here is Labor’s alternative to the budget
News

Labor wants to cap tax deductions for accountancy to $3000

The Labor Party will limit the amount an individual can claim as a tax deduction for accountancy to $3000 when in government. In his budget reply speech last night, Opposition leader Bill Shorten took aim at 48 Australians who earned more than $1 million in 2014-15, but paid no tax. […]
Labor wants to cap tax deductions for accountancy to $3000